KDB Daewoo Securities enters aircraft financing via Novus deal

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Dubai-based Novus Aviation Capital has entered an aircraft leasing investment agreement with KDB Daewoo Securities.

The partnership allows the South Korean institution to invest in aircraft assets with operating leases attached.

An Airbus A330-300 purchased from Finnair Aircraft Finance is KDB Daewoo Securities’ first transaction through the partnership. The 2009-vintage aircraft, MSN 1007, is on lease to Finnair for a 12-year period.

“There are great synergies between the two institutions, and we will be looking to add few more attractive aircraft to the partnership in the coming month,” says Novus’s executive vice-president Hani Kuzbari.

In September 2013, Novus established Tamweel Aviation Finance in partnership with Airbus and Development Bank of Japan (DBJ). The new entity was set up to facilitate the funding of aircraft acquisitions, providing secured junior and mezzanine loans with a focus on Airbus twin-aisles including the Airbus A380.